Dogecoin has yet to hit its previous $0.74 all-time high from 2021, but nevertheless, $1 has remained the target for the altcoin this cycle. This is due to the expectation of another altcoin season that could send the price on a similar run that was seen in 2021. However, if the Dogecoin price were to actually see a repeat of what happened in the past two previous bull cycles, then the $1 mark may only be a starting point, given how high the price could go. Dogecoin Price Mirroring Past Cycles Crypto analyst Trader Tardigrade has noticed an eerily similar pattern on the Dogecoin price chart that could suggest a rapid upward movement is coming. This pattern is similar to what was seen in the last two bullish cycles, right as the meme coin’s price was preparing for lift-off. Related Reading: Cardano: Elliot Wave Predicts 50% Crash For ADA Price, Is It Time To Get Out As the chart shows, this pattern first emerged leading up to the bullish rally in 2017. It starts out a couple of years before as the altcoin’s price makes lower peaks and then trends down for a retest. After this, there is a period of consolidation before the trend is broken and an upward rally begins. In the 2017-2018 bull market, this pattern saw the Dogecoin price rally by more than 2,000%, going from below $0.00018 to above $0.0075 in a matter of months. Then again, in the 2020-2021 bull market, a similar pattern had formed right before the rally, ending in a breakout from consolidation. Interestingly, this time around, the resulting breakout was even more prominent, with the meme coin’s price rising by more than 30,000%. This saw a range from below $0.002 to above $0.73 in a matter of months. This is still the highest level that the Dogecoin price has reached so far. Once again, a similar pattern has emerged, and it looks like Dogecoin is on the brink of the next breakout. Going by the previous cycle performances and the steady uptrend, it is possible that the current breakout will see a higher ROI than previous cycles. But, there are now market cap constraints on how high the meme coin can go. Related Reading: Here’s Why Hyperliquid Hit New ATH At $39 And Why It Could Continue Nevertheless, even if the Dogecoin price were to manage a similar rise like the 2017-2018 cycle, the price would reach $4 minimum from here. Going by the crypto analyst’s chart, though, he expects the Dogecoin price to actually cross the double-digit threshold, putting it as high as $12. However, given Dogecoin’s high supply sitting above 149 billion coins, the possibilities of this happening this cycle are very slim. A $12 price tag would put the meme coin at a market cap above 1.7 trillion, something that even Ethereum, the second-largest cryptocurrency by market cap, has yet to achieve. Featured image from Dall.E, chart from TradingView.com
Dogecoin started a fresh decline from the $0.2540 zone against the US Dollar. DOGE is now consolidating losses and might extend losses below $0.2200. DOGE price started a fresh decline below the $0.2420 and $0.2400 levels. The price is trading below the $0.240 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.2230 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.230 resistance zone. Dogecoin Price Holds Support Dogecoin price started a fresh decline after it failed to clear the $0.2550 zone, unlike Bitcoin and Ethereum. DOGE declined below the $0.2420 and $0.2400 levels. The bears even pushed the price below the $0.2200 level. A low was formed at $0.2157 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $0.2542 swing high to the $0.2157 low. Dogecoin price is now trading below the $0.2350 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $0.2230 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.230 level. The first major resistance for the bulls could be near the $0.2350 level. It is close to the 50% Fib retracement level of the downward move from the $0.2542 swing high to the $0.2157 low. The next major resistance is near the $0.2420 level. A close above the $0.2420 resistance might send the price toward the $0.2550 resistance. Any more gains might send the price toward the $0.2640 level. The next major stop for the bulls might be $0.280. More Losses In DOGE? If DOGE’s price fails to climb above the $0.2350 level, it could start another decline. Initial support on the downside is near the $0.220 level and the trend line. The next major support is near the $0.2150 level. The main support sits at $0.2120. If there is a downside break below the $0.2120 support, the price could decline further. In the stated case, the price might decline toward the $0.20 level or even $0.1840 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.2200 and $0.2120. Major Resistance Levels – $0.2420 and $0.2550.
Dogecoin slipped toward the lower end of its month-long range on Tuesday as independent chartist Quantum Ascent delivered a granular breakdown of why he believes the meme-coin is part-way through a corrective cascade that could end in the high-teen-cent zone. At mid-afternoon in Europe the token hovered at $0.228, nearly 12% below its May 11 peak and nursing modest intraday losses. Dogecoin Enters Danger Zone Reviewing the daily chart, the analyst rewound to the explosive move that began on May 8 and produced a 50% three-session surge: “Last time we checked in over here on May 8, when we got this big green candle, we said, guys, looks like we’re kicking off our fifth microwave here,” he reminded viewers. His initial upside projection had been a modest 2.36 Fibonacci extension, yet Dogecoin “actually went up much higher,” a sign, he added, of strong retail momentum but also of a pattern that now looks finished. Quantum Ascent has since migrated his wave counts to show that the thrust was merely the fifth sub-wave inside a larger first-wave advance. “We’re in the middle of an ABC as we speak… these blue waves are going to move over to here,” he said, redrawing the labels to mark the ongoing retracement. In Elliott-wave parlance the C-leg must at least equal the A-leg, and the presenter converted that rule into arithmetic: “Eighteen-point-eight per cent from there… that’s one of our targets, right around 20.5 cents.” Related Reading: Dogecoin Chart Turns Ugly—This Price Could Trigger Panic Deeper penetration is not only possible but statistically common, he argued, because “oftentimes it makes it down into this third or fourth wave.” Measuring from the early-May low to the mid-May top, he plotted the 0.500, 0.618 and 0.702 retracements — a band stretching roughly from 19.5 cents to 17 cents — and called it “the logical zone for a first-and-second-wave reset.” A shallower halt at the 0.382, around 21.8 cents, would in his view be “a pretty shallow correction.” One attempt to break higher has already stalled in what he labelled the “danger zone” between the 0.618 and 0.786 retracements: “We took a stab to break through, but we didn’t close… we wicked above it, ended up right there at the 702, the rejection, and now it’s kind of rolling over again.” That failure leaves a nearby trigger level: “We break this low here at 21 cents, then we’re for sure seeing 20.5 cents.” The tape action, he added, resembles a Wyckoff re-accumulation structure: “Looks like honestly a form of Wyckoff and we’re building the sign of strength right here before we take off.” Yet the bullish pay-off, if it comes, likely lies several weeks ahead. The correction underway marks “a macro two that we’re working on right now,” he said, emphasising that the subsequent third wave would be decisive: “Macro wave threes — those are the daddies. Those are the big ones. That’s where we’re really going to get some juice.” Related Reading: Can Dogecoin Really Hit $3.80? Analyst Says Yes—If This Happens Macro context tempers any near-term enthusiasm. Bitcoin — whose own fifth-wave top arrived sooner and overshot its prior cycle high — has already rolled into an ABC of its own, and Quantum Ascent expects altcoins to “settle down” alongside the bellwether. “Whether it goes quickly in a C-wave or we just kind of keep meandering, we’re going to have to wait and see,” he concluded, urging followers to watch volume profiles and closing levels rather than intraday wicks. As always, Elliott-wave counts remain interpretative rather than predictive, and traders should align any positioning with their personal risk limits. Dogecoin retains the eighth-largest market capitalisation in crypto, but elevated volatility means even minor price gaps can translate into double-digit percentage swings. At press time, DOGE traded at $0.228. Featured image created with DALL.E, chart from TradingView.com
Despite market uncertainty and global tensions, DOGE stands out with strong support levels and rising demand from large holders fueling investor interest.
All eyes are now on this Friday’s Core PCE print, a key inflation gauge for the Federal Reserve, one trading firm noted.
Dogecoin has held steady above $0.22 since May 20 and climbed back after a brief dip. It hit $0.25 on May 23, then eased into the weekend. In the last 24 hours, the token is up 4.1%. Over a week, it’s up 5%, even though it slipped midweek. Related Reading: XRP ETF At 83% Approval Odds—Is The SEC Losing Grip? The Triangle Pattern According to TradingView analyst Akbar Karimzsfeh, Dogecoin has been tracing a long, tightening triangle since its all-time high of $0.73536 on May 3, 2021. That peak was followed by a drop to $0.048 on June 13, 2022. Since then, every attempt to break lower—on June 5, August 14 and October 9 of 2023—has failed. The lines of the triangle are closing in. When they meet, a sharp move is likely. Key Resistance Levels Based on data, the upper trendline of the triangle also matches the top of a large “cup” pattern around $0.4916. There was an attempted breakout in December 2024, and prices almost hit that $0.4916 mark but got pushed back. After that, DOGE slid down to $0.13. It has since recovered some ground, but it still has to clear that $0.4916 hurdle before bulls can claim real control. Recent Price Moves Dogecoin hovered around $0.22 between May 20 and May 26. It peaked at $0.25 on May 23, only to slip afterward. Then the last 24-hour gain of 4.1% showed it can bounce from support. The 5% weekly rise points to steady buying, even with some pullbacks in the middle of the week. Traders are watching for a daily close above $0.50 as a sign that the long squeeze is over. On-Chain Metrics Rise On-chain data backs up the price action. New addresses have jumped by 102.40% in the past seven days. Active addresses climbed 111.32%. Zero balance addresses went up 155.45%. That suggests more people are sending small amounts of DOGE or testing the network. It doesn’t guarantee they’re holding long term, but it does flag higher interest and activity. DOGE price up in the last week. Source: CoinMarketCap Related Reading: Bitcoin To $125K By End Of Q2? Bold Call From Bybit Executive If Dogecoin can break above the top trendline and hold above $0.49, some see a move toward $3.08. That target is based on adding the triangle’s height to the breakout point. It’s a big leap. Psychology and trading fees could slow that run. But the pattern says a strong move may be coming. Based on reports, caution is still wise. Wait for clear confirmation before betting on a moonshot. A slip below the lower trendline near $0.05 would turn the picture bearish. For now, Dogecoin sits in the balance, squeezed between two key trendlines. Traders and fans will be watching every close above $0.49 or fall below $0.05 to gauge the next big move. Featured image from Gemini Imagen, chart from TradingView
You might soon be able to make payments on X. But don't get your hopes up too high, Dogecoin fans.
Dogecoin is losing altitude after a month-long advance that climaxed at an intraday high of $0.259 on May 11 before momentum cracked. The memecoin is changing hands near $0.228 today, capitalising the network at roughly $34 billion and leaving it 69$ below its 2021 peak. From a purely statistical angle, the retreat is modest: Dogecoin is still up about 35% from the early-May floor at $0.164, yet the pattern of lower highs that has emerged since mid-month has sharpened traders’ focus on whether the token’s April-to-May impulse was corrective rather than impulsive. Dogecoin Price Crash Incoming? Technical analyst More Crypto Online argues in his latest YouTube briefing that the structure of this advance “rallied in three waves like many other crypto charts into the Friday swing high,” lacked the five-wave punch normally required to sustain upside continuation, and has already reversed into what looks like “a micro five-wave move down.” Related Reading: Dogecoin To $1 Is ‘Absolutely’ On The Table This Cycle, Says Analyst The Elliottician stated: “Doge rallied in three waves like many other crypto charts into the Friday swing high,” he told viewers at the top of the clip, stressing that the advance from the April 26 trough “was just not convincing.” The essence of his argument is that Dogecoin’s leap from $0.164 to the May 11 intraday peak at $0.259 never produced the five-wave structure that Elliott Wave theory associates with trend-sustaining moves. Instead, price action has already begun what he counts as a “micro five-wave move down,” thereby signalling that the April–May rise likely formed only the B-wave of a larger A-B-C correction. “As soon as the price breaks below the red dotted line at $0.21, the scenario for a larger pullback in the yellow count becomes confirmed,” he said, adding that nothing on the chart currently invalidates that view. The “yellow” scenario envisages an extended C-wave unfolding in five sub-waves and targeting the 38.2 %–78.6 % Fibonacci retracement cluster derived from the April rally. In plain numbers, that translates to $0.199–0.183 in the coming sessions. “Testing $0.19.9 to $0.183 cents over the coming sessions seems like quite a probable outcome,” More Crypto Online said. “We already have a five-wave decline from yesterday’s high, so we have to be ready for potentially just corrective rallies and then a sharp decline in wave three.” That roadmap leaves room for a brief recovery wave—he calls it wave 2 of C—to probe initial resistance at $0.23.3 to $0.24.7. Yet the analyst cautioned that any bounce should remain “only corrective” in character; a decisive hourly close above $0.247 cents would be needed to resurrect the bullish “orange” count, which allows for one final extension of the previous advance. Related Reading: Can Dogecoin Really Hit $3.80? Analyst Says Yes—If This Happens “Any decisive break above $0.247 cents might mean we’re already in the extension to the upside,” he acknowledged, though he quickly added that such an outcome “would again be invalidated with a break below the dotted red line.” Macro context is doing Dogecoin no favours. With Treasury yields pushing toward new quarterly highs and Fitcoin dominance creeping up, liquidity has drained from high-beta altcoins. Even January’s debut of the Grayscale Dogecoin Trust, which helped funnel institutional money into the asset earlier this year, has not arrested the rotation out of fringe tokens during May’s risk-off stretch. From a market-structure standpoint, the token’s immediate fate boils down to whether bulls can defend the $0.21 pivot called out in the analysis. A daily close beneath that threshold would give bears license to press toward $0.19, while a break of the $0.247-cent barrier is the only development the analyst concedes could “reduce the potential for that decline.” At press time, DOGE traded at $0.228. Featured image created with DALL.E, chart from TradingView.com
Traders eye renewed upside as President Donald Trump delayed a decision on EU tariffs, with sentiment recovering and options positioning turning bullish again.
Dogecoin slid 6% amid bearish pressure but held support near $0.227. High-volume buying and investor confidence suggest a potential rebound is in play.
Crypto analyst DOGECAPITAL has highlighted a Bitcoin-like pattern on the Dogecoin chart, which could trigger a parabolic rally. Based on his analysis, this rally could send the DOGE price above $10, marking a new all-time high (ATH) for the top meme coin. Related Reading: XRP’s $5 Dream Ride Hinges On This One Chart Setup – Analyst The Bitcoin Historical Pattern Which Could Send Dogecoin Above $10 In an X post, DOGECAPITAL predicted that the Dogecoin price could rally above $10. He alluded to the weekly chart and compared the historical price cycles of Bitcoin and DOGE, while pointing out what tends to happen when BTC closes a weekly candle at all-time highs (ATHs). In the first cycle, which was in 2017, DOGE surged and achieved a 94x gain in the following months after BTC closed the week at its ATH. In the second cycle, which was in 2020, Dogecoin witnessed a more explosive 190x rally in the following months after Bitcoin closed the week at new all-time highs. Meanwhile, again in the third cycle this year, BTC is currently trading around its ATHs. However, it needs to confirm a weekly close above this level to validate a DOGE breakout. Based on history, DOGECAPITAL noted that this could set the stage for Dogecoin to “dramatically” outperform Bitcoin again. DOGE could also surpass its gains in previous cycles. The analyst’s accompanying chart showed that the meme coin could even rally to as high as $69 on this explosive move. The analyst urged market participants to watch the weekly close as the last two times Bitcoin confirmed new highs, Dogecoin didn’t just surge but “launched.” In the short term, crypto analyst Ali Martinez indicated that the foremost meme coin could rally to $0.31. In an X post, he stated that DOGE appears to be breaking out of a bull pennant, which points to this target. DOGE’s Uptrend Is Still Strong In an X post, crypto analyst Trader Tardigrade stated that Dogecoin’s uptrend remains pretty much solid. His accompanying chart showed that the meme coin still has enough room to rally to the much-anticipated $1 price level. In another analysis, the analyst stated that DOGE will likely break the recent high at $0.25. Meanwhile, crypto analyst Master Kenobi stated that his short-term roadmap for Dogecoin is going according to plan so far. His chart showed that he expects the meme coin to consolidate in this range for 17 days before it then breaks out and rallies to $0.75 sometime in June. This will mark a new ATH for the DOGE price, with its current all-time high at $0.73. Related Reading: Traders Pile In: Bitcoin Open Interest Hits All-Time High As Price Nears $112K At the time of writing, the Dogecoin price is trading at around $0.2286, down over 6% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from TradingView
Dogecoin’s recent price action has taken a noticeably bullish turn, with the meme coin bouncing off support at the beginning of the week and steadily building upward momentum. Over the past few days, Dogecoin has been on the path to reclaiming the $0.25 level after rebounding from a low near $0.215. This upward move coincides with Bitcoin’s surge to new all-time highs, which has helped to inject new confidence across the broader crypto market. Notably, technical analysis of the Dogecoin/TetherUS pair on the daily candlestick timeframe shows that the meme coin’s price has now flipped into an ascending channel headed for at least $0.3. Dogecoin Confirms Bullish Breakout As Trendline Crumbles According to a technical analysis posted on the TradingView platform by crypto analyst Melika, Dogecoin has bounced on through a long-standing bearish trendline that had acted as a major resistance in April. This breakout is a by a clear validation of an ascending channel that has formed since late April. Related Reading: Dogecoin Falling Wedge Breakout Puts Bulls In Charge, Target Moves Up To $0.62 The breakout indicates a full transition from bearish pressure into a bullish environment, with the price structure now leaning heavily in favor of the bulls. In this case, Dogecoin is now on the path to continue its uptrend from its $0.13 bottom on April 7, and the next target is to reach the top of the ascending channel. A critical aspect of this breakout is the reaction from the midline of the channel, which Dogecoin respected with precision before climbing again. The coin also retested the demand block between $0.1950 and $0.2150 earlier in the week. The failure to break below shows that this region has now turned into a strong structural support moving forward. As long as the price remains above this level, Dogecoin’s potential of reaching the top of the ascending channel is valid. What Targets Lie Ahead For Dogecoin? With momentum now on the side of the bulls, Melika’s analysis projects three critical levels that could serve as short profit zones for Dogecoin traders. The first target is $0.2530, which aligns with the swing high on May 11. If Dogecoin bulls maintain the price uptrend, the second target of $0.2750 could come into play. Interestingly, this target is located at the upper boundary of the ascending channel. Related Reading: Dogecoin Price Gearing Up For Major Explosive Rally – Why $1 Is Still In The Cards Beyond that lies the major horizontal resistance at $0.3035. This level is significant because it acted as a support level for Dogecoin in January. However, Dogecoin eventually went on a clean breakthrough below $0.3035 in early February, which has flipped into a zone to look out for resistance. Breaking through this area would not only signal a full recovery from the recent downtrend but also open the door to higher price levels. However, any rejection or breakdown below $0.1950 would invalidate this bullish thesis, as it would indicate a breach of both the demand zone and the channel structure. At the time of writing, Dogecoin is trading at $0.2447, up by 2% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com
Dogecoin’s latest market structure is “significantly better than in prior bull markets,” according to Kevin, the crypto technician known on X and YouTube as @Kev_Capital_TA. In a video released Friday, the analyst mapped Dogecoin’s three historical cycles, concluding that the memecoin’s current breakout-and-retest pattern places a long-term Fibonacci extension at $3.80–$3.90 squarely “on the table”—provided one key condition holds: Bitcoin must keep grinding higher. “Two cycles in a row, Dogecoin has tagged the 1.618 fib extension,” Kevin reminded viewers. “Here we are in the third cycle… we have evidence to suggest it has happened 100% of the time. It’s only two data points, though, so that could easily not happen this time.” Why $3.80 Per Dogecoin Is Possible This Cycle On a log-scale weekly chart, Kevin traced Dogecoin’s first super-cycle—consolidation, breakout, mid-cycle pullback, blow-off top—culminating at the 1.618 extension. The second cycle repeated the pattern, but “Elon Musk’s Saturday Night Live hype” punched price far beyond the fib target into euphoric territory. Today’s third cycle, he argued, looks healthier: successive breakouts and back-tests of the bear-market range have carved a rising channel of higher highs and higher lows anchored by the 200-week EMA/SMA cluster. “This structure looks really good to me… break out, back-test the 200s, make a higher low—it’s textbook.” On the monthly chart, the Relative Strength Index is “just strength—constant higher lows,” still far beneath the 80-to-90 zone that capped prior cycle tops. Kevin also flagged a V-shaped curl in the monthly Stoch RSI—a signal that “should provide the momentum we need to really get a durable run higher” once it crosses the 20 line. Related Reading: Dogecoin To $1 Is ‘Absolutely’ On The Table This Cycle, Says Analyst The two-week Market Cipher readout shows three years of progressively stronger momentum waves and money-flow inflows. “This is big-time stuff,” he said, circling each expansion. “Momentum is compressing and building to a point where it’s like, okay, now it’s time to release it.” A fresh two-week Stoch RSI cross historically precedes “bang, big move higher,” he added, implying that the post-halving phase could usher in Dogecoin’s next parabolic leg. For traders fixated on nearer horizons, Kevin highlighted a macro golden pocket stretching from $0.26 to $0.285, reinforced by the daily 200-SMA at $0.27. That zone caps a developing bull-flag whose measured move targets $0.32–0.33. The pattern sprang out of an inverse head-and-shoulders accumulation at $0.15, a level he “accumulated heavily,” now up roughly 60%. “Treat resistance as resistance until it isn’t,” he cautioned, noting that Bitcoin dominance near 64% still siphons liquidity from altcoins. Yet he sees “serious signs” that dominance has printed a local top at 65.45%, opening room for a rotation into majors like Ethereum and, by proxy, Dogecoin. This Needs To Happen If Bitcoin stability endures and macro conditions—softening inflation, steady labor data, potential Fed easing—remain supportive, Kevin’s next “main price target” is the 2021 all-time high just under $1.00. A decisive break there would turn eyes to the cycle’s 1.618 extension near $3.80. Related Reading: Dogecoin Bollinger Squeeze Signals ‘Huge Move’ Ahead, Analyst Warns “I’d be shocked at this point if we don’t go to that level,” he said, while stressing disciplined profit-taking: “There’s nothing worse than riding a move all the way up and not taking profits.” Kevin rebuffed the wilder six-and-seven-dollar predictions circulating on social media but insisted that a $3-plus Dogecoin is “absolutely possible” if Bitcoin pushes toward $200,000, quantitative tightening ends, and a full-blown altcoin season erupts. Dogecoin remains “one of the most popular cryptocurrencies on the planet,” the analyst observed. “When retail comes piling back in, they’re always piling back into Dogecoin.” That psychological feedback loop, combined with a structurally bullish chart and improving momentum gauges, underpins his conviction that the memecoin could reprise its role as the spearhead of a broader altcoin surge. Whether the market delivers the necessary macro tailwinds is the wildcard. But Kevin’s message was unambiguous: for now, Dogecoin’s technical canvas paints a credible route to $1, and the elusive $3.80 marker “is possible—if Bitcoin holds ground and the macro stays peachy.” At press time, DOGE traded at $0.243. Featured image created with DALL.E, chart from TradingView.com
Dogecoin and Shiba Inu remain the top leaders when it comes to meme coins, but others have been creeping up as fierce contenders over time. Back in 2021, when the original meme coin bull run started, the likes of FLOKI had crept up from the shadows to also become investor favorites. Through the bear market and into the current bull market, FLOKI has shown incredible strength, and one crypto trader believes that there is still a lot of runway for the meme coin. Why FLOKI Is A Great Choice Over Dogecoin And Shiba Inu Crypto trader and analyst Unipcs, also popularly known as ‘Bonk Guy,’ has given reasons why buying FLOKI could be a better play compared to Dogecoin or Shiba Inu. In addition to the fact that it was created back in 2021 and has survived a bear market alongside Dogecoin and Shiba Inu, FLOKI has other characteristics that has made it a great meme coin choice. Related Reading: Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens One of the major driving forces behind the support for FLOKI comes with the expectation of an Exchange-Traded Product (ETP) to be launched for the meme coin. This puts it miles ahead of other meme coins which are yet to see major institutional support. Furthermore, the FLOKI meme coin has already proven its position as a solid choice over Dogecoin or Shiba Inu after rallying to a new all-time high back in 2024. This saw it outperform Dogecoin and Shiba Inu as these market leaders continued to trend below their all-time high peaks from 2021. Just like Dogecoin and Shiba Inu, FLOKI has also scored listings on major crypto exchanges across the space, in addition to smaller listings. It is trading on Binance, Coinbase, and Bybit, among others, with daily trading volumes crossing $200 million at the time of this writing. Related Reading: Shiba Inu’s Shibarium Struggles As New Accounts Crash To Fresh Lows Moving on to the chart, the crypto trader also revealed that the FLOKI chart does look strong. After holding and sustaining accumulation through the start of 2025, the meme coin is riding up once again and has already broken through $0.0001. Given this, Unipcs believes that an impulsive move for FLOKI is only a matter of time from here. “The fact that FLOKI is still under the radar, despite cult-like loyalty from its holders and insane retail recognition, means any rally it gets will likely go much higher than anticipated—a classic hated rally setup,” the crypto analyst said in conclusion. Featured image from Dall.E, chart from TradingView.com
Dogecoin started a fresh increase and climbed above the $0.2420 zone against the US Dollar. DOGE is now correcting gains and might start another increase. DOGE price started a fresh increase above the $0.2320 and $0.2420 levels. The price is trading above the $0.2420 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.2460 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.2550 resistance zone. Dogecoin Price Extends Gains Dogecoin price started a fresh increase after it found support near $0.2220, like Bitcoin and Ethereum. DOGE climbed and recovered above the $0.2350 resistance zone. The bulls even pushed the price above the $0.2420 resistance zone. However, the bears were active near the $0.2550 level. A high was formed at $0.2542 and the price is now correcting some gains. There was a move below the 23.6% Fib retracement level of the upward move from the $0.2227 swing low to the $0.2542 high. Dogecoin price is now trading above the $0.2450 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $0.2460 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.2550 level. The first major resistance for the bulls could be near the $0.2620 level. The next major resistance is near the $0.2650 level. A close above the $0.2680 resistance might send the price toward the $0.280 resistance. Any more gains might send the price toward the $0.2840 level. The next major stop for the bulls might be $0.30. Downside Correction In DOGE? If DOGE’s price fails to climb above the $0.2550 level, it could start another decline. Initial support on the downside is near the $0.2450 level and the trend line. The next major support is near the $0.2385 level and the 50% Fib retracement level of the upward move from the $0.2227 swing low to the $0.2542 high. The main support sits at $0.2320. If there is a downside break below the $0.2320 support, the price could decline further. In the stated case, the price might decline toward the $0.220 level or even $0.2120 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.2450 and $0.2350. Major Resistance Levels – $0.2550 and $0.2620.
An analyst has pointed out how Dogecoin is showing a break out of a Bull Pennant. Here’s where the target could lie, based on the pattern. Dogecoin Has Just Seen A Surge Beyond Bull Pennant Resistance In a new post on X, analyst Ali Martinez has talked about a pattern that has been forming in the hourly price of Dogecoin recently. The pattern in question is a “Bull Pennant,” which is a type of Pennant from technical analysis (TA). A Pennant forms whenever the price of an asset witnesses consolidation between two converging trendlines following a sharp move. The initial rapid move is known as the ‘pole,’ and the consolidation channel as the ‘pennant.’ Related Reading: Bitcoin Sets New ATH, But This Metric Says No Overheating Yet This arrangement is similar to that seen in Flag patterns, with the main difference between the two being the fact that Flags involve parallel consolidation channels, not triangular ones. Just like other consolidation patterns in TA, when the price is stuck inside the pennant portion, it is likely to face resistance at the upper level and support at the lower one. Pennants are usually considered continuation patterns, so a breakout is more probable to occur in the same direction as the preceding move (that is, the same orientation as the pole). When the pole is pointing in the up direction, the resulting Pennant is called a Bull Pennant. Similarly, it being in the opposite direction forms what’s known as a Bear Pennant. Now, here is the chart shared by the analyst that shows the Bull Pennant that the 1-hour Dogecoin price has potentially been trading inside recently: As is visible in the above graph, Dogecoin was witnessing net consolidation toward the downside inside this Bull Pennant earlier, but now, with the latest rally in the asset, its price has managed to find a break above the resistance line. So far, the memecoin hasn’t gained too much distance over the line, so it’s unconfirmed whether this is a real breakout. In the scenario that it is indeed the case and the governing pattern here is a Bull Pennant, then it’s possible that DOGE could end up seeing a rally of a similar scale as the pole of the pattern. The length of the pole involved in this Bull Pennant puts the breakout target at around $0.31. If the memecoin can manage a run to this mark, then its price would have gone up by almost 30% from the current level. Related Reading: $3.8 Billion In Capital Inflows Behind Ethereum’s Post-Pectra Surge, Data Shows It now remains to be seen how Dogecoin would develop in the coming days and whether its path would look anything like the one traced by the pattern. DOGE Price At the time of writing, Dogecoin is trading around $0.239, up around 6% in the past week. Featured image from Dall-E, charts from TradingView.com
Crypto analyst Kevin (@Kev_Capital_TA) reaffirmed his bullish outlook for Dogecoin, stating in a live stream that a surge to $1 is “absolutely” possible this cycle—provided a critical set of macro and market conditions fall into place. Kevin, a rising voice in crypto technical analysis, outlined his thesis in detail, highlighting Dogecoin’s resilience against Bitcoin and its technical structure as key signals of strength. “We were accumulating a spot position in the Patreon at 14 cents. I think the average is 15—right at 15 cents even,” he said. “Congratulations if you got into that play with me. Looking really, really nice.” The $1 Dogecoin Dream He pointed to Dogecoin’s breakout from an inverse head-and-shoulders pattern and its current consolidation within a potential bull flag as technical proof that momentum is building—if Bitcoin cooperates. “If Bitcoin continues to break higher, then this will break higher,” Kev noted. “If Bitcoin fails, then this will not break higher. It will fail.” That correlation underpins Kev’s broader framework for altcoin evaluation, which puts Bitcoin’s macro structure and USDT dominance at the center of any serious analysis. “You don’t really want to be doing too much individual TA on altcoins when Bitcoin dominance is at 64%. You’re not going to get very accurate TA,” he said. Still, Dogecoin stands apart from the altcoin pack. Kev showed Doge/BTC strength as a key differentiator: “Doge versus BTC is holding up much better than a lot of other altcoins. Litecoin versus Bitcoin? Dying. UNI, AVAX, DOT, LINK—all dying. Doge is still holding up. That’s why I own it. That’s my baby right there.” As for the $1 price target, Kev didn’t mince words, but made it clear it’s not just about charts. “It actually would be pretty shocking if it didn’t hit a dollar—again, contingent on Bitcoin heading higher,” he said. “But you need a sustained bull run. You need good monetary policy. You need a good macroeconomic environment.” Kev criticized the simplistic analysis plaguing the crypto space, pushing back on the idea that Dogecoin will moon just because “this happened last cycle.” Instead, he emphasized the importance of understanding economic conditions, inflation trends, Federal Reserve policy, and liquidity access. “We’re coming out of a macro environment the likes we’ve never seen before,” he said, referencing the Fed’s historic post-COVID tightening cycle and the uncertainty introduced by new US trade tariffs. “Dogecoin can hit a dollar. However, would I say that we have the exact environment we want to say that’s a highly probable scenario? I’d say we’re getting there—but we need more.” He also downplayed the idea that a potential Dogecoin ETF approval would be a decisive catalyst, unless it happens during a full-blown bull market. “If it happens and everything’s quiet… it probably won’t do its thing,” he warned. “Crypto’s about timing.” In closing, Kev reiterated the disciplined mindset he teaches his community. “Don’t just pull up an altcoin chart and say, ‘Well, this bull flag says we’re going to 32 cents,’” he said. “Watch Bitcoin. Watch USDT dominance. Then look at your pairing charts. Only then should you touch the Doge/USD chart.” With a deeply technical roadmap, macroeconomic awareness, and a data-driven approach, Kev made one thing clear: Dogecoin’s path to $1 isn’t hopium—it’s a real possibility, if the market allows it. At press time, DOGE traded at $0.241. Featured image created with DALL.E, chart from TradingView.com
Bitcoin surpassed its all-time high, while meme coins outperformed the leading asset with double digit gains.
In a fresh 12-hour chart shared on X, independent technician Cantonese Cat (@cantonmeow) underscores what he calls a “Bollinger Band squeeze” on Dogecoin, hinting that volatility could be about to erupt. Dogecoin Bollinger Bands Hint At ‘Huge Move’ The chart, captured at 03:54 UTC on May 21, fixes the memecoin at $0.22967 while the 20-period simple moving average (the Bollinger basis) tracks marginally lower at $0.22717. The upper and lower bands are parked at $0.24260 and $0.21175 respectively, compressing the trading envelope to barely three US cents and leaving just a 13.6% gap between the extremes—its tightest spread since early April’s doldrums. The chart lays out a clear chronology of volatility expansion and subsequent contraction. From May 6 onward Dogecoin erupted out of a month-long base, sprinting from the mid-$0.16 zone to print a local peak roughly at $0.26. That impulse detonated the bands to their widest reading in six weeks. Since then, the DOGE price has traced a shallow pull-back but—importantly—has not surrendered the 20-SMA. Each dip into the mid-$0.21 area has been absorbed, carving out progressively higher lows and turning the mid-band into dynamic support. Related Reading: Dogecoin Breakout Expected Within The Next 7 Days: Analyst With the bands now coiling, traders are eyeing the inflection points telegraphed by the indicator. A decisive 12-hour settlement beyond the upper rail at $0.243 would release price into open air, exposing the recent swing high at $0.27 and, beyond that. Conversely, a candle body punched through the lower rail at $0.212 would nullify the short-term bullish structure and likely drag Dogecoin toward the psychological $0.20 handle and May’s value area near $0.16. Until either threshold gives way, the squeeze itself remains the story. “Bollinger band squeezing, getting ready for the next huge move,” the analyst writes fittingly. Related Reading: Dogecoin On The Edge: Major Breakout Or Breakdown Imminent? DOGE Channel Breakout Is Brewing Shifting up to the one-day view, Dogecoin’s action since the November-2024 peak is contained by a broad descending channel whose ceiling now descends through the $0.24 corridor. Price is camped directly beneath that upper rail at $0.231, an area that also coincides almost to the cent with the 61.8% Fibonacci retracement of the full November-high–to–mid-March-low leg ($0.234). The confluence creates a technically potent lid: a daily close above it would not only mark the first breach of the seven-month channel but would simultaneously reclaim the “golden ratio,” an event that historically invites trend acceleration. If bulls can force settlement north of the overhead trendline and the 0.618 Fib, the next magnet resides at the 0.5 retracement ($0.2824). Beyond that, the 0.382 level at $0.3300 and the 0.236 at $0.3890 bracket the higher targets inside the channel’s former interior. Failure here would leave a well-defined support ladder: the 200-day EMA at $0.217, the 100-day at $0.207, and the cluster around the 0.786 Fib at $0.1669. Only a decisive break of those shelves would re-energise bears sufficient to revisit the March capitulation trough at $0.13. Featured image created with DALL.E, chart from TradingView.com
Dogecoin consolidates below $0.26 as whales unload $40M in tokens. Analysts eye a potential breakout toward $0.35–$0.45 amid bullish chart setup.
Buoyant sentiment and calm volatility are fueling leveraged bets as BTC consolidates above $100,000 — setting up what traders say could be a clean move to new highs.
Dogecoin has entered a critical phase as it consolidates below the $0.26 resistance level, facing rising pressure after a sharp rejection last week. Since tagging a local high on May 10th, DOGE has dropped over 18%, retracing some of the gains from its impressive rally that began in early April. Bulls had built strong momentum following the breakout above $0.13, which marked a 100% price surge within a month. However, recent price action suggests the move may be stalling. Related Reading: Ethereum Flashes Golden Cross Signal – Can Bulls Push ETH To $3,000? The market now watches closely to see if Dogecoin can defend current levels or if further downside is on the horizon. According to top analyst Ali Martinez, the latest rejection has opened the door for a possible revisit to the $0.213 level — a key zone that previously served as both resistance and support. This level may now act as a magnet for price if bullish control continues to fade. While sentiment remains cautiously optimistic, the next move will depend on whether bulls can reclaim momentum or if DOGE breaks below its local range. The coming days could define the trajectory of Dogecoin’s midterm trend, with volatility likely to pick up. Speculation Rises But DOGE Faces Crucial Test During the recent correction that sent shockwaves across the crypto market, meme coins like Dogecoin were among the most heavily affected assets. As Bitcoin and major altcoins faced steep retracements, DOGE experienced an aggressive pullback, shedding over 18% since May 10th and erasing a significant portion of its earlier gains. This correction disrupted the bullish structure that had formed after DOGE surged over 100% from early April, following a breakout above the $0.13 mark. Despite the drop, speculation continues to mount around Dogecoin’s potential to lead if the market regains momentum. Historically, DOGE has acted as a high-beta asset, often outperforming in euphoric phases of the cycle. With the broader market attempting to stabilize, some analysts view DOGE as a likely beneficiary if sentiment shifts bullish once again. Still, risks remain. Price is now hovering just above key support levels, and a failure to hold this zone could trigger a deeper retracement. Martinez shared a technical view suggesting that if current levels fail to hold, Dogecoin may want to revisit the $0.213 level — a critical area that previously acted as a launchpad during the April breakout. The coming sessions are likely to be decisive. The meme coin narrative could regain strength if bulls reclaim control and push DOGE back toward the $0.26 resistance. However, if bearish momentum builds and DOGE breaks lower, it would signal a continuation of the current downtrend. For now, all eyes remain on this pivotal support zone as Dogecoin navigates a high-stakes moment within the broader market’s uncertain conditions. Related Reading: Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus Technical Details: Dogecoin Facing Crucial Demand Dogecoin (DOGE) is showing signs of weakness after failing to hold above key resistance near $0.26 earlier this month. The daily chart indicates that DOGE is currently trading at $0.221, consolidating just above the 200-day EMA ($0.219) and below the 200-day SMA ($0.269). This range has acted as a battleground between bulls and bears, with the recent candles forming tight-bodied structures, signaling indecision. Volume has declined notably since the early May breakout, suggesting a loss of momentum and trader interest. If DOGE loses the $0.219–$0.220 support zone, the next logical support level sits near $0.213, aligning with analyst concerns of a potential retest of that level. A breakdown below this area could trigger further downside pressure toward the $0.19 zone. Related Reading: XRP Flashes Bullish Signal – Technical Indicator Hints At Imminent Rebound On the upside, reclaiming the 200-day SMA at $0.269 would be a significant bullish signal, as it would place DOGE back above long-term resistance. However, the current trend favors a cautious stance, especially amid broader market uncertainty and weakened sentiment across altcoins. Overall, the chart reflects a pause in bullish momentum and rising risk of a deeper retrace unless DOGE regains strength above key moving averages. The next few days could determine whether consolidation holds or turns into a full correction. Featured image from Dall-E, chart from TradingView
Dogecoin slipped 7% early this week, wiping out much of its gains from last Friday. But a pair of chart watchers say the pullback could be brief. According to analysis from Jake Wujastyk, the meme token is poised for a sharp climb once key levels hold. Based on reports from fellow analyst Bitcoinsensus, there’s even more upside sketched out on detailed patterns. Related Reading: Bitcoin’s $10K Rhythm: Steady Climb Signals Strong Push To $115K Chart Pattern Signals Potential Breakout Jake Wujastyk spotted a descending triangle that began forming after Dogecoin hit $0.26 on May 11. Prices swung between the upper resistance line and a lower support line, tightening the wedge. Earlier, DOGE surged 8% in a single session, pushing near the top trend line. Daily Trend Break Opportunity on $DOGE ????#Dogecoin has been slightly pulling back in a very healthy manner, preparing for the next major breakout???? The anticipated breakout is expected to happen within the next 7 days, with a retest of the trendline for confirmation. Next… pic.twitter.com/tykuWOfAbs — Bitcoinsensus (@Bitcoinsensus) May 19, 2025 Now the coin has dipped back into the wedge, but it’s still trading between those two lines. If the pattern breaks upward, Wujastyk argues that it could set the stage for a rapid move higher. Volume hasn’t spiked yet, so the setup isn’t sealed. But the shape of the chart suggests potential for a breakout. #Dogecoin There’s no way I couldn’t take this trade with a chart that looks like this. Target is a double here around 45 cents. pic.twitter.com/HxbrFVseiv — Jake Wujastyk (@Jake__Wujastyk) May 18, 2025 Analyst Forecasts Rapid Price Rise Based on reports, Wujastyk expects a “twofold rally” from current levels. That means pushing from around $0.21 today to roughly $0.45. That’s about 114% higher. He’s confident there’s “no way you won’t take a Dogecoin trade” if the chart action holds. His call comes as the token struggles this week, down 7% in one day and flirting with erasing the prior week’s gains. Wujastyk’s bullish view hinges on a bounce off the wedge’s support, followed by a strong push through resistance. If it happens, traders could see quick gains, he says. Mixed Targets Highlight Uncertainty Another voice, analyst Bitcoinsensus, sees a similar move to above $0.40 but on a slightly different pattern. He points to an inverse head‑and‑shoulders that formed between March and early May. Related Reading: Analyst Drops Dogecoin Bombshell: 174% Surge To $0.65 In Sight The left shoulder came from a March 11 low at $0.14, the head from an April 7 dip to $0.13, and the right shoulder near $0.16 on May 6. After the pattern broke out, DOGE hit a trendline that’s capped gains since December’s $0.48 high. Even with a pullback from that supply zone, Bitcoinsensus says a further push could launch Dogecoin back toward $0.42–$0.43 within seven days. Those targets suggest a 100–104% jump from today’s price. Featured image from Unsplash, chart from TradingView
The daily Dogecoin/USDT chart published on X by Bitcoinsensus depicts the memecoin locked in a textbook bullish reversal that has been six months in the making. Dogecoin Breakout Within 7 Days? Price action stretching from last October’s vertical rally to the present has carved a broad descending trend line that caps every major swing-high: first the December spike just above $0.48, then a second, lower reaction high in mid-January around $0.43 and a third touch 10 days ago at roughly $0.26. That trend-line is still intact, but—crucially—it now sits only a few percentage points above the market. Within that larger down-trend, Bitcoinsensus highlights an inverted head-and-shoulders pattern whose left shoulder bottomed near $0.142 in mid-March, whose head extended to roughly$0.141 at the start of April, and whose right shoulder formed in early May at about $0.164. The neckline of that structure is not horizontal; it falls modestly from left to right and intersects the chart marginally above $0.185. The analyst marks the 8 May daily candle with a red circle labelled “Breakout,” signalling that the minimum technical requirement for pattern confirmation has already been met. Related Reading: Dogecoin On The Edge: Major Breakout Or Breakdown Imminent? Since that breakout, Dogecoin has retraced in what the analyst calls a healthy manner. The pull-back has so far respected the neckline, transforming it from resistance into first-layer support. Bitcoinsensus’ projected path, drawn in white, envisages one further dip that tags the long-term trend-line—now lurking near the $0.23–0.24 area—before momentum reverses upward. The forecast gives the market a seven-day window to complete that retest and launch a fresh advance. “Dogecoin has been slightly pulling back in a very healthy manner, preparing for the next major breakout. The anticipated breakout is expected to happen within the next 7 days, with a retest of the trendline for confirmation,” the analyst writes. Related Reading: Dogecoin Ready To Howl? Falling Wedge Breakout Hints At A Rally If the trend-line gives way, the next test would be a grey “Supply Zone” boxed between $0.42 and $0.43, an area that coincides with the January distribution range and the second anchor point of the descending trend-line. “Next Target will be the supply zone at around $0.42-$0.43 per DOGE. Expect a fast move up once the breakout is in full force,” the analyst adds. A decisive daily close inside that band would, in classical chart-theory terms, establish the first higher-high on a major timeframe since November and open the door to a broader trend reversal. Invalidation remains straightforward. A daily settlement back below the neckline—effectively the $0.185 handle—would negate the inverted head-and-shoulders structure and leave the March/April lows vulnerable. Until then, the technical bias skews higher, and the clock on Bitcoinsensus’ seven-day breakout thesis is ticking. At press time, DOGE traded at $0.221. Featured image created with DALL.E, chart from TradingView.com
The Dogecoin price has failed to reach its all-time high peaks after repeated rallies and subsequent beat downs. So far, it has been a dance between testing major resistance levels, and bulls trying to hold support as sell-offs mount. During this time, there has been a lot of fluctuations in the volume of the meme coin. Using historical performance, the Dogecoin trading volume could give a hint for where the price could be headed next. DOGE Trading Volume Still Trending Low The Dogecoin trading volume has been trending low as the Dogecoin price has retraced over the last few months. This has culminated in a fluctuating market as investors remain very cautious when it comes to the market and meme coins like DOGE have suffered as a result. Related Reading: Dogecoin Price Resistance In View: Why The Key Lies At $0.25 According to data from the Coinglass website, the Dogecoin derivatives trading volume has not been able to even hit half of where it was back in November 2024 when the market was pumping. If anything, the decline has been consistent, with spikes here and there as the Dogecoin price fluctuated. As of May 19, the total DOGE derivatives trading volume was sitting at a mere $6 billion. Compared to the $60.11 billion peak that was recorded back in November 2024, the derivatives volume is down my around 90% since then. There was a small spike in the volume to above $10 billion back on May 13 as DOGE bulls had pushed for higher prices. However, this was short-lived as another round of sell-offs has sent the price spiraling again, pushing the trading volume back down in response. What This Could Mean For The Dogecoin Price Historically, the increase in the derivatives trading volume have often coincided with the rise in the token’s price. This is visible throughout the years, and quite prominent in 2021, when the meme coin recorded its current all-time high above $0.7. Related Reading: Dogecoin Price Tests Panic Zone At $0.21, Breakdown Could Lead To Price Crash Currently, with the derivatives volume still trending low, it could translate to lower levels for the Dogecoin price. Mostly, crypto traders are skewed toward shorting when it comes to betting on the Dogecoin price, leading to the suppression. For this to change, there would have to be a definite change in the Dogecoin trading volume, akin to what was seen back in November 2024. If the volume is able to at least get back above $30 billion, then it is possible for the Dogecoin price to break toward $0.5. However, a break above the $0.7 all-time high would require even much larger figures. Despite the volume beating the 2021 peak of $24.82 billion, the Dogecoin price still did not cross $0.5. This suggests much higher buying pressures than 2021 are required to send the Dogecoin price above $0.7 once more. Featured image from Dall.E, chart from TradingView.com
Dogecoin’s price took a hit this week after a strong run in recent weeks. It fell from $0.25 down to about $0.21. Traders saw a brief bounce above $0.23 around May 17–18, but that did not last. As of today, DOGE sits near $0.21, marking a 10% weekly drop. Investors are watching the bigger picture, hoping long‑term signals point to a renewed uptrend. Related Reading: Trump Token Mania: Over 6,000% Pump Or Classic Solana Trap? Analyst Maintains Bullish Outlook According to analyst Javon Marks, a key trendline gave way in late 2023. This line had capped Dogecoin since its $0.70 peak. He says the break ushered in higher highs and higher lows. A fresh low near $0.15 has held so far. Based on this view, he kept his $0.65 target, which would mean a 200% gain from $0.21. Marks also mentioned $0.74 and $1.25 as possible future milestones. $DOGE and a +174% climb to its first target at $0.6533 continues to be in the cards ????… https://t.co/7Jt82s0jLy — JAVON⚡️MARKS (@JavonTM1) May 18, 2025 Resistance Levels Remain Key Barrier Based on reports from market watcher Ali Martinez, the $0.25–$0.26 range is a major hurdle. That zone worked as support in December 2024 but flipped to resistance in early 2025. Since then, the meme coin has tried and failed to push past it. In February, it hit $0.28 before reversing to below $0.15. A March rally saw a move above $0.19 but stopped short again. The most recent test in May peaked at $0.24 before closing at $0.22. Traders will be looking for a clear close above $0.26 to signal new momentum. On‑Chain Activity Sees Strong Uptick Based on latest data, wallet activity has jumped sharply. New addresses grew by over 100% in the last seven days. Active addresses climbed by 110%. Even zero‑balance addresses rose by 155%, which often hints at fresh participation or address cleanup. Higher on‑chain counts don’t always mean a price rise, but they do show more users are logging transactions again. Stretch Targets Face Big Hurdles Dogecoin’s long‑term goals may sound exciting, but getting there won’t be simple. A move to $0.6533 or beyond requires first holding above $0.26. Then it must break $0.28 with real volume behind it. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than You Think—Analyst Big price swings could scare some holders into booking profits. Even if the chart lines line up, outside events like social media buzz or exchange listings may be needed to push DOGE past $0.30. In the short term, traders will watch whether DOGE can reclaim $0.25 and hold it for a few days. If that happens, the higher‑low pattern stays intact. If it falls back below $0.21, the setup could collapse and open the door to further losses. For now, the coin sits in a tug‑of‑war between bullish chart fans and those who see more downside. Featured image from Unsplash, chart from TradingView
The Dogecoin price could be at a critical juncture for a breakout but momentum needs to persist. On the four-hour chart shared by analyst Josh Olszewicz, price has been sliding inside a clearly defined falling-wedge formation since printing a local high at $0.25941 on 13 May. The upper and lower boundaries of that wedge continue to drift lower, trapping successive swing highs and lows; the lower rail is presently guiding support at while the upper rail caps the market near $0.219. Within that compression, Olszewicz overlays an Ichimoku system set to short-cycle parameters (20/60/120/30). The most recent completed candle — stamped 17 May 08:00 UTC — settled at $0.21532 after trading between $0.21187 and $0.21676. That close left price lodged squarely inside the cloud, a location that typically denotes equilibrium. Internally, the Tenkan-sen rests at $0.21427, the Kijun-sen at $0.22524, Senkou Span A at $0.22102 and Senkou Span B at $0.21184, creating an unusually tight band of short-term reference levels. Related Reading: Dogecoin Price Tops Tend To Follow Surges In Retail Futures Activity, Analysis Shows The zone between the wedge floor and Span B around $0.212–0.214 forms a high-confluence support zone that has already produced two intraday rebounds. Conversely, the Kijun-sen and descending wedge resistance intersect near $0.225, erecting an equally visible ceiling overhead. As long as price remains trapped between those two lines, momentum traders are likely to see a low-volatility coil; the first decisive breach — particularly a four-hour close through the upper rail — would satisfy every textbook criterion for a bullish falling-wedge resolution and mechanically projects a return toward the 13 May high. Dogecoin Looks Still Strong Cantonese Cat’s weekly perspective speaks to a larger cycle. In his chart, Dogecoin has just finished its first weekly close above the Bull Market Support Band — essentially the 20-week simple moving average enveloped by a two-sigma envelope — since early February. That band currently spans $0.21617 at the lower edge to $0.22378 at the upper edge; last week’s candle settled at $0.22387, a whisker above the cap, converting what had been resistance throughout the spring into provisional support. The break occurs while the Bollinger upper band is still descending from the February crest near $0.35, an indication that volatility on the weekly time-frame has only just begun to contract after a multi-month bear unwind. The midline of the Bollinger structure, identical to the 20-week SMA and the top of the Bull Market Support Band, is therefore the single most important pivot for the week ahead. Related Reading: Dogecoin Pullback May Be Short-Lived—Here’s The Next Price Target A second consecutive weekly settlement above $0.22378 would confirm the first as more than a one-off spike and could embolden trend-followers to price in a medium-term push toward the mid-$0.30s where the upper band presently curves. Taken together, the two time-frames sketch a clear roadmap. Short-term traders will be looking for a resolution of the descending wedge; a bullish breakout through $0.219 would immediately shift focus to prior supply at $0.24-0.26, whereas a failure to hold $0.205 risks an acceleration toward the April pivot at $0.185. At press time, DOGE traded at $0.217. Featured image created with DALL.E, chart from TradingView.com
Over the last few days, the Dogecoin price has struggled to hold up with the Bitcoin price hitting multiple resistances. This has triggered a wave of liquidations for crypto traders who have been betting on the price to go higher. The decline has also raised concerns as to whether the bullish rally that began at the start of the month is finally over. Dogecoin Price Faces Major Resistance Crypto analyst MindfullyLost has explained what is plaguing the Dogecoin price recently. According to the crypto analyst, the Dogecoin price has seen good support on the 4HR, which has continued to be above $0.21, even through the downtrend. Related Reading: Golden Ratio Multiplier Called Bitcoin Top In 2021 – Here’s What It’s Saying Now Also, when it comes to the hourly chart, there is also support forming for Dogecoin at this level. This comes after a retest of the $0.22 level before the bulls were able to bounce. This shows weakness in this support and could fail with a more dominant move. Presently, there is resistance mounting at $0.23 for the Dogecoin price and the bears are already bearing down on this level. As the crypto analyst shows, a break above this level would be confirmation of the uptrend for the Dogecoin price, making it a buy zone. The next major resistance after this then lies at $0.25 and this is the moment of truth for Dogecoin. Bulls would have to completely test and clear this resistance level. Otherwise, the chances of the price falling back down toward support at $0.21 remain high. What’s Next For DOGE? The Dogecoin price is currently consolidating and according to the crypto analyst, this consolidation could continue for a while. This would translate to sideways price movement for the foreseeable future, as well as a continuation of the battle for dominance between the bears and bulls. Related Reading: Cardano Market Structure Says Crash Is Coming, But $0.9 Is Still In The Cards Bulls would have to start pushing the price higher to actually try to test the first resistance level. Until then, Dogecoin could plunge further into the oversold territory, which would not be entirely bad for the price, making the rebound even stronger. As for how high the Dogecoin price could go if it breaks major resistance levels, some crypto analysts have called for a bounce to at least its previous all-time high at $0.71. While others have speculated that $1 is a natural destination for Dogecoin, and double-digit predictions, such as reaching as high as $10, have also made it to the forefront. Featured image from Dall.E, chart from TradingView.com
Dogecoin may be gearing up for its next major move as technical signals begin to turn in the bull’s favor. After a period of consolidation and downward pressure, DOGE has broken out of a falling wedge pattern, one of the most reliable bullish reversal formations in technical analysis. This breakout suggests that the meme coin could be on the verge of a potential rally, especially as momentum begins to build within a key price zone. How The Falling Wedge And Rounded Bottom Favor Bulls In a recent post on X, a crypto analyst with the username “TitaniumXBTC” spotlighted an encouraging technical setup on Dogecoin’s chart. The expert emphasized that DOGE has successfully broken out of a falling wedge formation while completing a rounded bottom formation. These two chart patterns, when combined, often signal the exhaustion of a downtrend and the start of a potential uptrend, laying a strong foundation for future price appreciation. Related Reading: Dogecoin (DOGE) Struggles to Sustain Gain as Meme Coin Mania Cools Off The analyst pointed out that this breakout has already been validated, with Dogecoin gaining momentum as it pushes beyond the key resistance area. The bullish pressure appears to be accelerating within the highlighted zone, suggesting that buyers are stepping in with growing conviction. This move, if sustained, strengthens the case for a mid-to-long-term rally, with the breakout zone acting as a launchpad for further gains. Despite the optimism, the expert cautioned that confirmation is necessary. Should the breakout hold and attract continued interest, Dogecoin could be poised to reclaim higher levels and potentially ignite a broader trend reversal. With bullish energy building, all eyes are now on DOGE to see if it can capitalize on this momentum and deliver on the promising setup. Dogecoin Bullish Path Ahead: Target Zones After The Breakout According to the crypto expert, the key price levels to watch for DOGE in the near-to-mid term are $0.3757, $0.4884, and $0.6160. These targets have been identified based on the breakout from the falling wedge pattern and alignment with historical resistance zones that could come into play as the rally progresses. Each of these levels represents a potential milestone where momentum may pause, consolidate, or even reverse, depending on overall market sentiment and trading volume. Related Reading: Dogecoin Eyes $1.80 In Summer Rally As Analyst Flags Breakout Structure The breakout’s confirmation suggests that Dogecoin has re-entered a bullish phase, and if buying pressure continues, these price levels could serve as realistic upside targets for traders and long-term holders alike. Reaching these zones may attract increased attention from investors looking for profit-taking opportunities, or even fuel additional rallies if broken with strong volume. Featured image from Getty Images, chart from Tradingview.com
Dogecoin is currently showing signs of selling pressure after shedding much of the bullish momentum it had gathered in late April and early May. Technical analysis of the Dogecoin price shows that the meme cryptocurrency is precariously hovering just above a key support level that puts it one step away from a downtrend. Crypto analyst RLinda noted this level, set at $0.214, on the TradingView platform, labeling it a retest of the panic zone. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than You Think—Analyst Panic Zone Under Retest Due To Dogecoin Correction According to RLinda’s analysis, Dogecoin’s distribution phase between May 9 and 11 ended in the $0.2600 range, eventually marking the end of its latest bullish impulse. During this distribution phase, Dogecoin squandered all the potential it had accumulated in late April and early May. From that point, the price has been falling steadily, entering what the analyst describes as the correction or dump phase. This has caused the meme coin to test the 0.214 level, the current panic zone. A confirmed breakdown below this panic zone, particularly beneath the 0.2135 support line, would not only liquidate long positions but also likely intensify selling pressure, eventually leading to what could become an uncontrolled price decline. Interestingly, this correction price action has been characterized by lower highs, leading to the formation of a triangle pattern that’s visible on the 2-hour timeframe. RLinda warned that if the triangle’s base is broken, this structural failure could reinforce bearish sentiment. This would open the door to downside targets closer to $0.20 and possibly even $0.19. Dogecoin Resistance And Support Levels To Watch The immediate resistance lies at $0.222 and $0.2307, representing key zones Dogecoin must reclaim to negate the current bearish setup. A move above these points, especially if the price consolidates above $0.23, will invalidate the bearish breakdown structure and could renew bullish sentiment. However, RLinda made it clear that such a scenario is only worth considering after a clear confirmation, as current momentum still favors sellers. Related Reading: Trump Token Mania: Over 6,000% Pump Or Classic Solana Trap? On the other hand, support levels of $0.2145 and $0.2135 are currently the final shields holding back further declines. A close below $0.2135 would confirm the continuation of the downtrend and push the Dogecoin price into a lower consolidation zone, with limited immediate support until $0.20126 and $0.19298. At the time of writing, Dogecoin is trading at $0.22, up 1.72% over the past 24 hours. This slight recovery hints at early signs of strength and may already be undermining the bearish setup. Although this slight recovery is not enough on its own to confirm a bullish reversal, it does show that buyers are attempting to regain some control. If this momentum can be sustained into the new week, it could gradually pave the way for a more sustained move higher for Dogecoin during the week. Featured image from Mashable, chart from TradingView